With prices so high, everybody and their brother is out looking for oil and they are finding it. There are a lot of oil finding and pumping/extraction methods that are only viable at high prices.

I read of folks in Pennsylvania spending maybe $50,000 or $100,000 to reopen old wells thought to be pumped out. They may only pump a few thousand barrels, but at today's prices you don't need much to make money. There are wells only producing a few barrels a week that are left to pump. I don't see how they cover electricity and maintenance, but they still let them pump.